Key Points
- SVP Randolph Burns bought 11,000 shares of O-I Glass on May 8 at an average price of $9.32, totaling about $102,520. After the purchase, he held 133,932 shares, an 8.95% increase in his position.
- O-I Glass recently missed earnings expectations, posting EPS of $0.05 versus the $0.09 consensus, though revenue of $1.54 billion came in above estimates. The company also reported a year-over-year revenue decline of 1.7%.
- Analyst sentiment is mixed and cautious, with a consensus rating of “Hold” and an average price target of $15.50. Recent moves included price-target cuts from Citigroup and Wells Fargo, while institutional ownership remains high at 97.24%.
O-I Glass, Inc. (NYSE:OI - Get Free Report) SVP Darrow Abrahams acquired 2,774 shares of the business's stock in a transaction dated Monday, May 11th. The stock was purchased at an average price of $9.04 per share, with a total value of $25,076.96. Following the completion of the acquisition, the senior vice president directly owned 235,928 shares in the company, valued at approximately $2,132,789.12. This represents a 1.19% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
O-I Glass Price Performance
OI opened at $8.80 on Wednesday. The stock has a 50-day moving average price of $10.53 and a 200-day moving average price of $13.01. O-I Glass, Inc. has a 12-month low of $8.00 and a 12-month high of $16.91. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 3.35. The stock has a market capitalization of $1.35 billion, a P/E ratio of -7.21, a PEG ratio of 1.04 and a beta of 0.65.
O-I Glass (NYSE:OI - Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by ($0.04). O-I Glass had a positive return on equity of 13.65% and a negative net margin of 2.91%.The firm had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.47 billion. During the same quarter in the previous year, the company posted $0.40 earnings per share. O-I Glass's revenue for the quarter was down 1.7% compared to the same quarter last year. O-I Glass has set its FY 2026 guidance at 1.000-1.500 EPS. Equities analysts predict that O-I Glass, Inc. will post 1.2 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on OI. Wall Street Zen cut O-I Glass from a "buy" rating to a "hold" rating in a report on Saturday, February 28th. Citigroup dropped their target price on O-I Glass from $12.00 to $10.00 and set a "neutral" rating for the company in a report on Monday, May 4th. Royal Bank Of Canada set a $14.00 target price on O-I Glass in a report on Friday, April 17th. Robert W. Baird set a $20.00 target price on O-I Glass in a report on Thursday, February 12th. Finally, Zacks Research cut O-I Glass from a "hold" rating to a "strong sell" rating in a report on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $15.50.
Read Our Latest Stock Analysis on O-I Glass
Institutional Trading of O-I Glass
A number of hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in O-I Glass by 8.6% during the first quarter. Dimensional Fund Advisors LP now owns 9,238,635 shares of the industrial products company's stock valued at $97,094,000 after acquiring an additional 729,191 shares during the last quarter. Bessemer Group Inc. increased its position in O-I Glass by 954.2% during the first quarter. Bessemer Group Inc. now owns 14,200 shares of the industrial products company's stock valued at $150,000 after acquiring an additional 12,853 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in O-I Glass by 11.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 54,422 shares of the industrial products company's stock valued at $577,000 after acquiring an additional 5,585 shares during the last quarter. Illinois Municipal Retirement Fund increased its position in O-I Glass by 21.8% during the first quarter. Illinois Municipal Retirement Fund now owns 92,965 shares of the industrial products company's stock valued at $977,000 after acquiring an additional 16,617 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in O-I Glass during the first quarter valued at $1,728,000. Hedge funds and other institutional investors own 97.24% of the company's stock.
About O-I Glass
(
Get Free Report)
O-I Glass, Inc is a leading global manufacturer of glass containers, supplying the food and beverage, wine and spirits, pharmaceutical, cosmetic and personal care industries. Headquartered in Perrysburg, Ohio, the company produces a broad range of glass packaging solutions, including bottles and jars, designed to meet customer specifications for size, shape, color and performance. O-I leverages proprietary technologies in forming, decoration and quality control to serve both mass-market and premium brands.
Tracing its origins to the early 20th century through the merger of prominent regional glassmakers, the company adopted the Owens-Illinois name in 1929 before rebranding as O-I Glass in 2015.
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